Why tax cryptocurrency in South Africa We will tax cryptocurrency in South Africa. The SARS stance on the tax treatment of cryptocurrencies is that it will continue to apply normal income tax rules to cryptocurrencies and will expect affected taxpayers to declare cryptocurrency gains or losses as part of their taxable income. Need some help […]
Exchange Control in South Africa
April 13, 2016
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Exchange controls can be a real headache for some people. It is an arcane method to control money flowing out of the country. Governments employ this mechanism to keep the local currency stable. The biggest problem with FOREX controls is that it severely restricts business. This is a result of the bureaucratic and laborious process […]
Blockchain is a buzzword to most people and very few know its real use case or understand the underlying technology. Many people do not even know what problem a blockchain solves. Even fewer people know the problem exists in the first place. Since the inception of bitcoin, hoards of developers, companies and projects have jumped […]
Bitcoin Mining
July 21, 2013
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Bitcoin Mining Contracts or Investment opportunities are one of the ways by which many people are introduced to Bitcoin. But what exactly is bitcoin mining you ask? Well, to explain that, I need to explain the blockchain. Bitcoin Mining is All About the Blockchain All the transactions for a cryptocurrency are recorded on one […]
Michael Parsons Interview
June 11, 2013
Interviews
Michael Parsons (FCA has more than 25 years of experience in the banking and financial industry. He is a commercially-minded FCA with bank and internet start-up, property development, scientific (Shell Research) and other commercial experience. Michael bought the first pint in the UK which was paid in bitcoin. How did you get involved in BTC? […]